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Updated over 6 years ago on . Most recent reply

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46
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Clay Sellers
  • Oceanside, CA
21
Votes |
46
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SDIRA questions for a newbie.

Clay Sellers
  • Oceanside, CA
Posted

I have some money sitting in a 401k account from a job I left about a year ago, not much, about $20K. 

I can roll that over to an SDIRA, correct?

Does it matter what strategy you use (Fix & Flip, Buy & Hold, BRRRR, etc) within an SDIRA?

Since it's not a large amount of money, can I use it for a down payment and take a mortgage loan, within the SDIRA? 

Can the SDIRA get an HML or PML for rehab costs?

Most Popular Reply

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17,845
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,235
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17,845
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Clay Sellers, I agree with Brian, your investment options will be limited because of the limited amount of capital you have at your disposal. If you decide to use non-recourse loan, one of these lenders might be able to help you:

https://www.biggerpockets.com/blogs/2810/50272-lis...

Another investment alternative you may want to consider is investing into a syndication or note fund. 

  • Dmitriy Fomichenko
  • (949) 228-9393
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Sense Financial Services LLC
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